Governments in France and Spain are both struggling to get 2026 budgets through parliament and significant fiscal consolidation is unlikely in either country. But while France’s debt ratio will trend...

The small drop back in inflation in October was expected and was driven by a further fall in energy and food inflation. We think both headline and core inflation are likely to fall below 2% in the...

While the Bank of Japan left policy settings unchanged this week, Governor Ueda signaled that the Board won’t wait much longer before resuming its tightening cycle. Indeed, with structural labour...

With underlying inflation in Australia having surprised materially to the upside in Q3, the RBA is all but certain to leave rates unchanged next week. However, unlike several other analysts we're not...